On November 21, 2024, Deloitte announced its North America Technology Fast 500 rankings, recognizing TG Therapeutics, Inc. as the fastest-growing company with a staggering 153,625% growth rate. The software industry leads the list, marking the 29th consecutive year with the largest representation. The average growth rate of the winners was 1,981%, reflecting strong trends in innovation across multiple sectors, particularly software, fintech, and life sciences.
On November 21, 2024, Deloitte released the 30th annual North America Technology Fast 500™ rankings, recognizing the swiftest growing North American companies spanning various sectors, including technology, media, telecommunications, life sciences, fintech, and energy tech. Leading the list is TG Therapeutics, Inc., boasting an astonishing growth rate of 153,625% from 2020 to 2023, focusing on the development of innovative treatments for B-cell diseases. The report highlighted that the software and services sector continues to dominate, showcasing a significant performance increase with the highest representation of private companies in the ranking’s history, a total of 59% of the winners. Overall, participants reported an average growth rate of 1,981%, underlining the ongoing entrepreneurial spirit and innovation driving these industries forward.
The Technology Fast 500™ is an esteemed annual award program established by Deloitte to celebrate the fastest growing technology companies in North America, derived from revenue growth metrics over a specified three-year period. This year’s results emphasize the dominance of the software and services industry, maintaining its legacy of robust growth, with fintech and life sciences also making significant impacts this year. With a focus on innovation and performance, these rankings also reflect notable trends in venture capital and private equity access to young companies, which have been instrumental in their rapid growth trajectories.
The 2024 North America Technology Fast 500 rankings underscore the remarkable growth and innovation within the technology sectors over the past three years. With TG Therapeutics leading the charge, the awards highlight the critical role of software and services in driving economic expansion and the increasing presence of venture-backed companies. Emphasizing a commitment to growth and cutting-edge advancements, this year’s program once again cements the significance of these industries within the North American economic landscape.
Original Source: www.prnewswire.com
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